Microeconomics (Ppc & Disadvantage of Free Market)

Learning Outcomes | Tasks/Means | Criteria & Allocated Marks | AssessedMarks | Successful students are able to: Q1) Explain on PPC with a graph and relevant numerical example. Relate the microeconomics terms in your explanationQ2) Explain on the statement given. * Explain on Four disadvantages of * free market. * Your explanation need to elaborate with real life example for each. * Choose at least TWO countries that practicing free market. Others * Use appropriate economic terms, concepts, and theories. * Support their answer with integrated reference to a variety of relevant sources. | Questions 1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical examples in order to support your explanation. 2. “Structural shift from command system to free market regime plays an important role towards the economics development of a country”. Discuss with real life example on FOUR (4) disadvantages of the shift. Length: Written work should not exceed 1500 words. Format: Computer-typed. Use a 12 point “Times New Roman” font, 1.5 spaced.You must include a bibliography or list of references (follow Harvard Referencing) in your report. Attach Appendix | WRITTEN PRESENTATION (10%) | * | | * Clear introduction * Effective conclusion * Logical development of main points * List of references * Fluency and style of writing * Spelling, grammar, and paragraphing * Neatness and legibility | | | | Reasoning (20%) | | | Sufficient depth of analysis (10%) | | | | Adequate breadth of coverage (10%) | | | | Use of Sources (20%) | | | | Relevant sources used to explain the information gathered.(10%)Use of appropriate terms, concepts and theories. (10%) | | TOTAL: 50% | |

References: * (Book details) John Sloman and Mark Sutcliffe, 1997, Economics: Student Workbook and Reader, Third edition, Prentice Hall Europe * (Article details) 30 May 1996, Russia’s unfinished revolution, the Financial Times [Page 9] By Lorraine Davies Posted Fri Apr 26, 2013 12:41pm AEST